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Homeowners May Qualify For Foreclosure Review

Federal regulators have announced a nationwide review of foreclosures by the country's largest banks. The goal is to reach homeowners who've been treated unfairly, or who lost their house when they shouldn't have. Anyone in any stage of foreclosure during 2009 and 2010 is eligible for the review.
NPR

Obama Presses Congress To Compromise On Cuts

The supercommittee's failure to reach a budget deal had been predicted for days, even weeks. And now leaders in Washington cannot agree on who is to blame, or what should happen next. President Obama said he would veto any effort to get rid of the automatic spending cuts to domestic and defense spending.
NPR

Economy Mutes A Longtime Louisville Record Shop

John Timmons recently closed ear X-tacy, a record store he'd owned for 26 years. "People have priorities, and music is just not a top priority right now. That's what's really taken its toll on us," he says. Now, Timmons has to figure out what to do with the rest of his life.
NPR

Wal-Mart Lures Bank Customers Frustrated By Fees

The retailer's prepaid debit card is catching on with people who've been burned by extra charges at big banks. The card costs a flat $3 a month and doesn't allow overdrafts. Banks have lobbied against Wal-Mart's entrance into the financial sector, but "their worst fears came true," one analyst says.
NPR

Supercommittee Fails To Reach Debt Deal

The bipartisan supercommittee says it failed to reach a deficit-reduction deal. NPR's Tamara Keith speaks to Robert Siegel with the latest from Capitol Hill.

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